Economy

Has $16.28 Million Position in Public Storage

Moreover, Hood River Capital Management Llc has 0.62% invested in the company for 284,367 shares. Finally, Paragon Capital Management Ltd purchased a new position in Life Storage in the second quarter valued at approximately $232,000.

Other large investors have also modified their holdings of the company.

Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about 5.39 in total earnings per share. Brookfield Asset Management Inc. now owns 727,314 shares of the real estate investment trust's stock worth $151,667,000 after acquiring an additional 149,004 shares in the last quarter. MA raised its stake in shares of Public Storage by 87.1% in the 1st quarter. 82,691 shares of the company's stock traded hands. World Asset Management Inc lifted its stake in Life Storage by 10.9% in the first quarter. BlackRock Inc. now owns 14,167,308 shares of the real estate investment trust's stock worth $3,101,367,000 after buying an additional 13,633,185 shares in the last quarter. Loudon Investment Management LLC boosted its stake in Public Storage by 25.5% in the 1st quarter. First Hawaiian Bank now owns 1,765 shares of the real estate investment trust's stock valued at $369,000 after acquiring an additional 9 shares in the last quarter. Also, insider Paul T. Powell acquired 700 shares of the business's stock in a transaction dated Monday, August 21st. The shares were bought at an average price of $200.59 per share, with a total value of $401,180.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

In other news, insider John Reyes sold 60,000 shares of the company's stock in a transaction that occurred on Tuesday, June 13th. In a transaction dated August 21, 2017, the shares were bought at an average price of $73.2, giving away a sum of $72,468. Insiders own 14.42% of the company's stock.

Public Storage (NYSE PSA) opened at 207.89 on Thursday. Life Storage, Inc. has a 52-week low of $69.00 and a 52-week high of $95.05. Eton Park Capital Management Lp who had been investing in Imperva Inc for a number of months, seems to be less bullish one the $1.50B market cap company.

Company chares are trading at $209.04 which is marginally over $203.40, the stock's 50 day moving average and which is marginally under the 200 day moving average of $213.30. The real estate investment trust reported $1.59 earnings per share for the quarter, missing analysts' consensus estimates of $2.54 by $0.95. Last quarter, the company saw 133.02 million in total revenues. Life Storage had a return on equity of 2.56% and a net margin of 10.28%. The business's quarterly revenue was up 5.0% compared to the same quarter a year ago. Next quarter's EPS is expected be $2.01 and the next full year EPS is projected to be $7.82.

Public Storage has increased its dividend by an average of 12.3% per year over the last three years and has increased its dividend annually for the last 7 consecutive years.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Sandy Spring Bank has an ownership of 640 stocks of the real estate investment trust's shares valued at $140,000 following acquiring an extra 25 shares through out the quarter. hedge fund investors and investment firms has an ownership of 80.22% of the firms stock. The ex-dividend date is Tuesday, September 12th. The dividend will be $2.000 per share for the quarter or $8.00 annualized. Public Storage's payout ratio is 113.96%.

A number of equities analysts recently issued reports on PSA shares. In the latest earnings report the EPS was $7.01 and is projected to be $7.09 for the current year with 174,002,000 shares outstanding. Cantor Fitzgerald downgraded Life Storage from an "overweight" rating to a "neutral" rating and set a $78.00 price objective on the stock.in a research note on Monday, May 15th. Finally, Barclays PLC cut their price target on Public Storage from $216.00 to $209.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 18th.

Public Storage (NYSE:PSA) last issued its quarterly earnings data on Wednesday, July 26th. Citigroup Inc. reiterated a "buy" rating and issued a $92.00 price objective (down previously from $100.00) on shares of Life Storage in a research note on Sunday, May 14th.

August 18 investment analysts at Jefferies made no change to the stock rating of "Hold" but raised the price expectation from $189.00 to $210.00. The corporation has a average recommendation of "Hold" and an average price target of $219.80.

ILLEGAL ACTIVITY WARNING: This piece was first published by Week Herald and is the property of of Week Herald. The value of the total investment in Public Storage increased from $8,000 to $8,548,000 increasing 106,750.0% quarter to quarter. The Company's principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space.



Like this

Latest


07 September 2017
The Research Analysts' Recent Ratings Updates for First Connecticut Bancorp (FBNK)
Laurel Grove Cap Ltd Liability Corp accumulated 1.95% or 30,900 shares. 250,000 are owned by Amici Limited Liability. (NYSE:HON). The Company's subsidiaries include First Federal Savings and Loan Association of Hazard and Frankfort First Bancorp, Inc.

07 September 2017
Atlanta Motor Speedway open for Irma evacuees
The mile-and-a-half race track, located 20 miles south of Atlanta, is well equipped to handle thousands of campers for NASCAR races.

07 September 2017
Man charged in deaths of 4 men waives preliminary hearing
DiNardo is accused of luring the men to the farm by promising to sell them large quantities of marijuana, according to police. Additional charges against both men include conspiracy, robbery, abuse of a corpse, and possession of an instrument of crime.

07 September 2017
AG Mortgage Investment Trust, Inc. (NYSE:MITT) Position Cut by Morgan Stanley
Fincl Bank Of New York Mellon Corp holds 0% of its portfolio in New York Mortgage Trust Inc (NASDAQ:NYMT) for 504,516 shares. Teza Capital Management LLC bought a new stake in AG Mortgage Investment Trust in the 1st quarter valued at about $197,000.

07 September 2017
Yasin Malik arrested ahead of Separatists protest march to Delhi
National investigation agency on Thursday continues to conduct raids at residence of Hurriyat's Aga Hassan in Budgam District. He said all the three leaders have booked tickets for New Delhi and will head towards NIA headquarters on Saturday.

07 September 2017
UN Should Take 'Necessary Measures' On North Korea - China
They also agreed that the global community should fully implement current sanctions on North Korea and adopt new punitive measures, it said.

07 September 2017
Ford presents its SA-bound first-ever Ranger Raptor
Maybe the worst kept secret in Ford land is their newest edition of the Ranger, the Ford Ranger Raptor is now officially confirmed.

07 September 2017
PNC Financial Services Group, (PNC) Lifted By Research Firm Zacks
Keefe, Bruyette & Woods reissued a "hold" rating and set a $129.00 price target on shares of PNC Financial Services Group, Inc. Archford Cap Strategies Ltd Company holds 0.03% or 525 shares. 900 are held by Seabridge Investment Advsr Ltd Liability.

07 September 2017
US Open 2017: Del Potro shatters Federer's dream of Nadal showdown
But I wake up tomorrow morning knowing that I have to do something more, and I gonna work hard to work in that way. Nadal said on court that Rublev is going to be in the next generation of players and expect him to be successful.

07 September 2017
Martinez homers twice as Cardinals double up Padres
With Matt Carpenter nursing a shoulder injury, the Cardinals are again dipping into the minors for some help. Stats: Szczur is hitting.227 (39 for 172) with three home runs, 25 runs scored and 18 RBIs in 102 games.



Recommended